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Bonds Bouncing Back on Tariff Talk and Treasury Announcement

About an hour ago, a headline concerning tariffs took a bite out of stocks ("US said to plan next tariff wave if Xi talks fail").  That didn't help bonds much though... 

A few minutes ago, however, Treasury released bullet points on its borrowing estimates ahead of Thursday's official announcement.  Long story short, they were a bit lower than the previous estimates.  That's a good thing for bonds (less supply = higher prices = lower rates).

2018-10-29 update

All that having been said, the stock sell-off and bond market reassurance hasn't been enough to get us back to 'unchanged' quite yet.  10yr yields are close and Fannie 4.0 are still nearly an eighth of a point weaker on the day.

MBS / Treasury Market Data

UMBS 5.5
97.05
-0.40
UMBS 6.0
99.09
-0.34
UMBS 6.5
100.88
-0.29
2 YR
4.9954
+0.0633
10 YR
4.7050
+0.0628
Pricing as of: 4/25 1:26PM EST
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